The new report by Expert Market Research titled, ‘Global Rice Starch Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global rice starch market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 6%
The inflating disposable income of the increasing population is driving the global rice starch industry growth. In addition, the consumer growth is driven by the changing lifestyles and increasing urbanisation. The rising young consumers’ incomes who like to experiment with their taste buds are catalysing the market growth as they are increasingly demanding new rice starch products. The growing use of rice starch in cosmetics and personal care is also supporting the growth of the market. The rising demand for natural, organic, and health-beneficial products is expected to further boost the market growth.
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Industry Definition and Major Segments
Rice starch is a finely grained and tasteless powder that is produced using raw rice processing. Rice starch also offers a smooth texture and acts as a substitute for natural fat. It is extensively used in the food industry, in the pharmaceutical, chemical, and cosmetics industries.
Based on type, the market is divided into:
By application, the industry is segmented into:
• Food and Beverages
• Cosmetics and Personal Care
On the basis of region, the market is divided into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The demand for rice starch is growing due to the extensive use of the ingredient in the food, chemical, pharmaceutical, and cosmetic industries. Rice starch is used in a variety of items such as jarred infant foods, packaged food blends, and medicines. Due to the growing disposable incomes, rapid urbanisation, lifestyle changes, and the rising demand for these items are boosting the rice starch market growth. The product is in high demand, as it provides many packaged foods with a smooth and creamy texture, thus increasing the market growth.
Key Market Players
The major players in the market are Ingredion Incorporated (NYSE: INGR), AGRANA Beteiligungs-AG (VIE: AGR), Bangkok Starch Industrial Co., Ltd., Thai Flour Industry Co., Ltd, Herba Ingredients BV, and Jiangxi Golden Agriculture Biotech Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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